Price Forecast and Technical Analysis Although many analysts see Ethereum’s price soaring, the technical indicators show a more complex picture of ETH’s existing situation even if optimistic forecasts abound.#Ethereum on the daily timeframe is looking bullish 🚀 If $ETH holds the green box support at $3000-$2800, we could see $5000 soon.Ready for a big rally? #CryptoPatel #Altcoins pic.twitter.com/ArIWLO4WiO — Crypto Patel (@CryptoPatel) July 12, 2024 A well-known cryptocurrency expert, CryptoPatel sees Ethereum as having a bright future, predicting that its price will continue to grow and may soon reach $5,000.
Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies.
Related Reading: 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone.
The story "Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market" has 495 words across 71 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Ethereum Seen Hitting $5,000 as German Bitcoin Sell-off Shakes Market" was covered 3 days ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 4 news stories per day.
It's most recent story was published 9 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
